Close European Accelerated Fund Share Discussion Threads

[stemis] 22/12/2018 14:21

I hold my notes through Selftrade and it was they who informed me, so I've already received it (yesterday).

[stemis] 21/12/2018 16:33

Payment of 0.533p per note heading our way...

[hindsight] 21/12/2017 10:36

Auction idea put in long grass from what I read and continued payments to holders of creditor repayments. If contact Anson, supplying name, shareholding, which brokers nomineee , etc , etc, once checking your details are authentic , they will give you password to the site and as all the news releases are behind that

[ianbrewster] 21/12/2017 09:51

I received approx 1.44p per CEAF note yesterday

does anyone know if the auction did eventually happen ??

[stemis] 09/2/2017 10:30

Just had a message from Selftrade saying "I can confirm this election has been recorded for: CEAF 2011 – Auction of Interests." Looks like my persistence has paid off !

[stemis] 08/2/2017 21:55

Selftrade seems to accept that the offer has been extended and appear to be implying that they will now accept specific instruction for my interests even though it's part of a pooled holding. Fingers crossed...

[hindsight] 08/2/2017 11:14

Stemis, have you now managed to convince selftrade that the offer to go into Ansons auction is still open till 28th February ?

[stemis] 06/2/2017 21:43

I think the Notes relate to the residual assets after the cash has been distributed but yes it's Selftrade's terminology. Capital relates to Southey Capital.

My views pretty much accord to yours. I can't see why Tavira would bid less than 2p in the auction and maybe more if there is competition. In the past Paradigm Capital and Trench Capital have expressed interest and clearly there is also Southey Capital. I don't have a huge interest (30,000 so 0.5p is only £150) so worth letting it run as previous offers have consistently undervalued trust interests...(presumably hoping private holders don't understand their value)

[stemis] 06/2/2017 16:29

I have at least received the cash from the offer now through Selftrade.

According to Selftrade both Capital and Tavira Securities have expressed an interest in purchasing any Notes from Noteholders prior to the Auction. The 'offers' are 2p and 1.4p respectively. Both have also confirmed they will be taking part in the auction.

Any views?

[stemis] 25/1/2017 22:53

Selftrade corporate actions department won't even talk to Selftrade clients directly. All communication has to be through 'customer services'. However thanks for the information. I'll try and speak to Anson myself and see what they suggest.

[stemis] 23/1/2017 16:29

Deadline extended to 28 February which is just as well as Selftrade making a complete pigs ear of it. Say they can't accept instruction to put my residual interests for auction as its held in a pooled account. Trying to get them to transfer holdings to me in certificated form so I can accept on my own behalf. No cash received.

[ianbrewster] 12/1/2017 09:00

Return of cash in my HL account yesterday.

[stemis] 15/12/2016 12:24

Also instructed Selftrade to submit my residual interests for auction. Be interesting to see what we get

[ianbrewster] 15/12/2016 10:45

Thanks - instructions now in to HL - lets see what happens...

[ianbrewster] 14/12/2016 15:25

Looking at the auction details, the trust will charge a £1000 fee.

Does anyone agree with my interpretation that the £1000 will be split across all interests sold in the auction ??

[stemis] 05/12/2016 18:20

Cheers.

I seem to recall we were offered 5.25p for CEAF about 3.5 years ago.

Nothing from Selftrade